Strong Financial Results Propel Formula Systems Forward Formula Systems (1985) Ltd. has reported record-breaking revenues of $2.76 billion for 2024, reflecting a 5.2% year-over-year growth. Net income surged 24.5% to $79.7 million. Subsidiaries like Magic Software and Matrix showed robust performance, highlighting the company’s strategic focus on high-growth technology sectors, including AI, cybersecurity, and cloud solutions.12